Fifty percent of that award is scheduled to vest on August 24, 2016, and the other fifty percent on August 24, 2021.

Update: So yes, it’s not really fair to compare the RSU award from last year to Cook’s total compensation this year and call it a 99 percent drop like others did, but we figure our readers are smart enough to know that.

Anyway: due to the size of the RSU award granted when Cook was promoted to CEO, which will vest over the next decade, Apple’s Compensation Committee did not grant him another one in 2012.